Query : I am taking very few trades per day. I am trying to take more trades, but i did not get my planned entry.
Answer : One of the most asked question is this. Most traders think, if they trade more, they can get more profit. Trading is based on probabilities. If your trading plan has high edge, then it has more chances to reach the targets. My mentor once told me, "if you take more than 2 or 3 intra day trades, then it means over trading". After that I focused on high probability trade set ups & trade less. It reduces my brokerage and my stress is less. So my suggestion is, if you take one or 2 trades a day, the execution is perfect, and it reaches the target means you are a good trader. Profit depends on high probability trade set ups & execution, not on number of trades.
Any trader, who do not take impulsive trades or revenge trades have their mind in control & this type of stable mindset will make you a profitable & successful trader.
Answer : One of the most asked question is this. Most traders think, if they trade more, they can get more profit. Trading is based on probabilities. If your trading plan has high edge, then it has more chances to reach the targets. My mentor once told me, "if you take more than 2 or 3 intra day trades, then it means over trading". After that I focused on high probability trade set ups & trade less. It reduces my brokerage and my stress is less. So my suggestion is, if you take one or 2 trades a day, the execution is perfect, and it reaches the target means you are a good trader. Profit depends on high probability trade set ups & execution, not on number of trades.
Any trader, who do not take impulsive trades or revenge trades have their mind in control & this type of stable mindset will make you a profitable & successful trader.
